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president obama needs to expand the government. i wish the majority of the middle class saw it that way. more than half the country felt that his left wing agenda was it. it isn't eventually the middle class is going to get nailed. and the spin will be that republicans jacked up the economy so badly. >> i think that is where this is going. i think there could be a tax and maybe it can't get through congress. but i have never seen a time, i have seen polls on this. taxing the rich. they know that. one last point here. going from government to welfare getting a job. do you know there is a high tax rate? we have to figure out a way to make it work so that people don't get hurt. >> i think the government is probably 80% too large. that would be a tremendous engine to close the gap between the rich and the poor. they can will to their children. we don't have that now. i think that is the engine of both in the conneconomy. but i'm not going to give up the fight. larry elder. well done. good luck on the book and the radio show. >> let's g
president obama needs to expand the government. i wish the majority of the middle class saw it that way. more than half the country felt that his left wing agenda was it. it isn't eventually the middle class is going to get nailed. and the spin will be that republicans jacked up the economy so badly. >> i think that is where this is going. i think there could be a tax and maybe it can't get through congress. but i have never seen a time, i have seen polls on this. taxing the rich. they...
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Dec 12, 2012
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president obama, i'm going to switch gears now. he has hired 101 new government employees every day since i took office in 2009. that comes to 143,000 over paid workers. let's talk to chris edwards director of tax and policy at the kato institute. but besides this number 143,000 workers, when everybody has basketball getting laid off. average civilian pay, average federal workday, $134,000. that is $32,000 more than the average pay. that is astonishing. >> if you look at total compensation, the average worker does $124,000 a year versus $68,000 a year. the benefits are amazing. they get a 401(k) styled pension and they get high job security. they are laid off one quarter of the rate that high workers are. we don't want to draw the best and most skilled workers in washington. >> it is interesting to me, people seem to know this. 67% of us think that the people in the private sector work harder than those in the public sector. the federal workforce has more machine money. we are supposed to be having budget cuts. why isn't anyone loo
president obama, i'm going to switch gears now. he has hired 101 new government employees every day since i took office in 2009. that comes to 143,000 over paid workers. let's talk to chris edwards director of tax and policy at the kato institute. but besides this number 143,000 workers, when everybody has basketball getting laid off. average civilian pay, average federal workday, $134,000. that is $32,000 more than the average pay. that is astonishing. >> if you look at total...
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Dec 13, 2012
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joining us is betsy mccoy, they is author of decoding the obama health law. and she brought a huge big stack of pages you have read. >> yes, since that time the administration spewed forth 14,000 pages of additional regulations and they are just getting started. >> in terms of opting in or out of president's healthcare plan, only about half of the state or less than half the states are opting in. >> about 21 have opted out and a few are undecide fwecided but i clear that about half are not wanting to make their own exchanges. most don't know what an exchange is. most get health insurance at work and few plans through brokers. but this vision is a third way for those who are currently uninsured and for the millions of people who are about to lose their on the job coverage because their employer will say, oh, that government mandated health plan is too costly. those people will all have to go to the health insurance exchange in their state and enroll in the one size fits all government mandated plan. >> but is it kind of like car insurance where you can pick yo
joining us is betsy mccoy, they is author of decoding the obama health law. and she brought a huge big stack of pages you have read. >> yes, since that time the administration spewed forth 14,000 pages of additional regulations and they are just getting started. >> in terms of opting in or out of president's healthcare plan, only about half of the state or less than half the states are opting in. >> about 21 have opted out and a few are undecide fwecided but i clear that about...
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Dec 6, 2012
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some other surveys have shown president obama with a stronger hand. we looked democrats in congress together with the president, any time you lump congress in a question it drags down the number. finally if you look at the intense partisan split on outlooks for the economy, this is something that is relevant as we try to measure the pessimism or optimism of american voters, we see now an even split among those who say the economy will get better in the next year versus those who say it will get worse but there's a tremendous partisan split there. republicans, a six in ten republicans say the economy will get worse. it's the loser's lament after the election that they become more pessimistic, democrats overwhelmingly optimistic, independents interestingly agree more with the republicans, they expect the economy to get worse and that's one of the factors weighing down on public opinion as we head toward the last three weeks of the year's negotiations to avoid the fiscal cliff, carl. >> times a-wastin. with the deadline inching closer what needs to be do
some other surveys have shown president obama with a stronger hand. we looked democrats in congress together with the president, any time you lump congress in a question it drags down the number. finally if you look at the intense partisan split on outlooks for the economy, this is something that is relevant as we try to measure the pessimism or optimism of american voters, we see now an even split among those who say the economy will get better in the next year versus those who say it will get...
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Dec 12, 2012
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that and obama care, obama care just hit us by 19.5%. our medical costs are going up next year by 19.5%. so what can we do? we'll have to adjust our costs and get them in line. we compete in the worldwide economy, and our costs are going up. >> how much did that loss of the r & d tax credit cost your company as well? >> it cost us about 2.5%, 2% on the bottom line. >> and if the r & d tax credit does not come back, how many people might you have to let go next year? >> so what we have is we've got the 2%, 2.5% that we lost in the bottom line and obama care hitting us by 19.5%. our costs are going to go up 19.5% next year, so we believe, we'll probably have to cut two or three people just to overcome the extra cost that's going to hit our business in 2013 so we've got obama care going through. we're going to take on half that cost and pass half of that on to our employees. think about that. that means that our middle class employees are going to see that increase in their health care costs next year. >> right. >> howard dean was just on w
that and obama care, obama care just hit us by 19.5%. our medical costs are going up next year by 19.5%. so what can we do? we'll have to adjust our costs and get them in line. we compete in the worldwide economy, and our costs are going up. >> how much did that loss of the r & d tax credit cost your company as well? >> it cost us about 2.5%, 2% on the bottom line. >> and if the r & d tax credit does not come back, how many people might you have to let go next year?...
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Dec 10, 2012
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the obama administration had a pretty good proposal to crack down on this stuff back in 2009. never went any place. and that's not surprising given how much money is raised from google. >> what i would say is it is their fiduciary duty to pay a low tax rate. that's what the law says. that's what they have to do. i believe that's what they are doing in this case. >> you know, they talked in the past in washington about a moratorium of some kind to allow companies to repatuate the funds they have overseas. would that satisfy what you're talking about here? >> no -- we need real systemic reform. fiduciary responsibility. google has a brand as one of the good guys. if irt starts to tarnish that brand, that's bad for shareholders long-term. and i think this tarnishes its brand. >> what if we saw a lowering -- it's not on the table obviously. but in theory land, what if we saw a lowering of the corporate tax rate? would that bring an end to this? >> i don't know if it's necessarily a lowering of the actual rate. what is called for is simplifying the structure, letting people know wh
the obama administration had a pretty good proposal to crack down on this stuff back in 2009. never went any place. and that's not surprising given how much money is raised from google. >> what i would say is it is their fiduciary duty to pay a low tax rate. that's what the law says. that's what they have to do. i believe that's what they are doing in this case. >> you know, they talked in the past in washington about a moratorium of some kind to allow companies to repatuate the...
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1-800-345-2550 >>> china making its move to take over a company that has been a thorn in president obama ae side. a 123. it is a battery company. a chinese auto parts maker put in a winning bid for the beleaguered green giant. just fill us in on why it is so politically controversy, phil. >> a 123 received a loan by the department of energy, $249 million loan, plannedy. they say, you took that money in order to start up a business. that is a acceseparate question to now the chinese company bought it. the wanxiang group does a lot in the auto industry if n china. now they have an american division. the china plant, not any defense business, we will talk about that in just a bit. again, a123 did receive a $249 million lone from the u.s. government. what becomes of a123 now? essentially johnson controls within also bidding during the bankruptcy process for the battery part of the business dropped out. when they said, there bidding is too rich. we don't think the price matches the assets. they dropped out. a123 does have about 3,000 employees in the u.s. this has to be approved by the commit
1-800-345-2550 >>> china making its move to take over a company that has been a thorn in president obama ae side. a 123. it is a battery company. a chinese auto parts maker put in a winning bid for the beleaguered green giant. just fill us in on why it is so politically controversy, phil. >> a 123 received a loan by the department of energy, $249 million loan, plannedy. they say, you took that money in order to start up a business. that is a acceseparate question to now the...
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deloitte ceo was among the chief executives who met with president obama last week and called the conversations, quote, constructive. since then, not much progress has been made. we want to talk more about that exclusively. he's here with me to talk if he still feels that way about fiscal cliff. good to have you on the program. deloitte ceo. thanks so much for joining us. >> thanks for having me. >> i want to get to the president and your meeting and really zero in on the fiscal cliff. before we do that, i want to get to the situation around hewlett-packard and autonomy. of course, hp taking a massive write down on the acquisition of autonomy. ceo meg whitman throwing deloitte under the bus in some sense because the firm was among those charged with examining the books before the deal. what can you tell us about what you did in terms of overseeing the books at autonomy and what do you say now that she's charging this fraud? >> sure, maria. unfortunately for us, that matter has been turn the over to investigation and the authorities. believe it or not, that's one of the things i'm not on the hot
deloitte ceo was among the chief executives who met with president obama last week and called the conversations, quote, constructive. since then, not much progress has been made. we want to talk more about that exclusively. he's here with me to talk if he still feels that way about fiscal cliff. good to have you on the program. deloitte ceo. thanks so much for joining us. >> thanks for having me. >> i want to get to the president and your meeting and really zero in on the fiscal...
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Dec 7, 2012
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team obama and team boehner are back at the negotiating table. but there is still substantial disagreement on tax rates, tax revenues, domestic spending and entitlement reform and the clock is ticking. speaking of tax hikes, europe's grand experiment with taxing the rich more is falling apart, especially in france and britain. and here at home, california and new york are passing through the 50% tax rate barrier. is anybody looking at how tax hikes fail the test of economic growth? >>> back here in the u.s., could it be michigan which used to call itself the worker's paradise union state is now moving towards new anti-union right-to-work legislation and it looks like it's going to pass? but first up, budget talks resume between speaker john boehner and president obama today. with just 25 days to go, let's keep tabs on where we stand. reports of a conservative backlash against speaker boehner simply not true. he has the solid support of his leadership and the rank and file. but there is concern among some in the gop that they are at risk of becomi
team obama and team boehner are back at the negotiating table. but there is still substantial disagreement on tax rates, tax revenues, domestic spending and entitlement reform and the clock is ticking. speaking of tax hikes, europe's grand experiment with taxing the rich more is falling apart, especially in france and britain. and here at home, california and new york are passing through the 50% tax rate barrier. is anybody looking at how tax hikes fail the test of economic growth? >>>...
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president obama said that he is willing to sign it. so that would be one way to just sort of get some of this panic out of the way and let people deliberate and make some really good choices when we come back in january. >> i want to bottom line it very quickly with jared. i'm going to make you squirm, jared. >> god luck. >>maker the argument for going over it. you have to argue for it. go over the whole thing. what would it be? get our aaa back? >> that may be the only way we can get a responsible fiscal deal. and if that deal begins to take shape in late december, the only way to resolve the cliff may be to temporarily go over the cliff so that tax rates reset and we can get on a bitter fiscal trajectory, and -- and -- they can quickly, as nicole mentioned, reverse some worse effects of that. and in that sense, we've gone over it, but briefly. i'm not for it but that is a resolution that would really use the leverage, the dynamics that are in play right now to finally get us on a more sustainable fiscal path. >> it's not juvenile hal
president obama said that he is willing to sign it. so that would be one way to just sort of get some of this panic out of the way and let people deliberate and make some really good choices when we come back in january. >> i want to bottom line it very quickly with jared. i'm going to make you squirm, jared. >> god luck. >>maker the argument for going over it. you have to argue for it. go over the whole thing. what would it be? get our aaa back? >> that may be the only...
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where you found that, he's already taken 700 billion out in savings for obama care, so we don't know where that was actually going to be. >> how does this play out. is it possible you guys go home for the holidays without a deal done? you've been told what about christmas and the day after? >> we've already been told to prepare to come back after christmas because this may not be finished. >> when were you told that? >> eric cantor at our conference. the reality, and i hate this, it really frustrates me, but sometimes deals don't get done until there's one minute left on the clock rainfall according to the urban institute, cato institute, other research institutions, typical household will extract $3 of medicaid for every $1 they pay in. a single working household, six to one. $6 for every $1 they pay in. >> no wonder we're bankrupt. >> are you willing to tell people no? are you willing to tell grandma, dad, look, you can't have this. >> there is a lot of inefficiencies in medicare. just the way the system is done breeds that kind of waste in the system. if we're going to do medicare
where you found that, he's already taken 700 billion out in savings for obama care, so we don't know where that was actually going to be. >> how does this play out. is it possible you guys go home for the holidays without a deal done? you've been told what about christmas and the day after? >> we've already been told to prepare to come back after christmas because this may not be finished. >> when were you told that? >> eric cantor at our conference. the reality, and i...
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Dec 7, 2012
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speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of the top rates. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. >> but tyler, as you suggested, this is all a work in progress. the thing we cannot see that is not visible to the public or to the press is what's going on behind the scenes. staff discussions resumed yesterday. don't know
speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >>...
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Dec 6, 2012
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we were told that yesterday speaker boehner and president obama held a phone call, it was said to be about 20, 28 minutes in length but neither side has leaked what happened on that phone call. the house republicans are not leaking, the white house just within the past hour said it's not going to tell reporters what was discussed, that's probably an encouraging sign that negotiations are taking place. last week we saw that they had a proposal and immediately house republicans leaked the white house proposal and then republicans went out of their way to say they were laughing at that proposal, now they're not leaking, that's probably a sign of some real deal making but nonetheless harry reid the senate democratic leader was on the floor within the past hour or so and he kept the pressure up on republicans. take a listen. >> the plan for the republicans to face reality, there's enough writing on the wall. >> you get the sense here guys that democrats feel like they have the upper hand, there is some dealmaking behind the scenes. what that dealmaking is we don't yet know and when it cou
we were told that yesterday speaker boehner and president obama held a phone call, it was said to be about 20, 28 minutes in length but neither side has leaked what happened on that phone call. the house republicans are not leaking, the white house just within the past hour said it's not going to tell reporters what was discussed, that's probably an encouraging sign that negotiations are taking place. last week we saw that they had a proposal and immediately house republicans leaked the white...
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Dec 10, 2012
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president obama and speaker john boehner met at the white house on sunday to discuss the impending fiscal cliff. neither offered details about the discussion, but both said the lines of communication remain open. is the fiscal cliff end game finally approaching? joining us now is ben white, politico's chief economic correspondent. ben, maybe it's good news they didn't come out and say, we're so far apart. >> it's a good sign. any time that boehner doesn't come out and say, we're nowhere, that's good. these things are going to get done in private. both sides need to leap off a bridge here. the republicans need to some how figure out how they're going to let the top rates go up. democrats need to swallow some changes to entitlement programs, raising the retirement age or changes. the less we hear, the better, in the next few days on the negotiations. as soon as you hear leaks saying these guys are too far apart, that's the problem. if we hear nothing, that's actually pretty good. >> are we starting to see the beginning of the gop move into the center with the comments over the weekend from
president obama and speaker john boehner met at the white house on sunday to discuss the impending fiscal cliff. neither offered details about the discussion, but both said the lines of communication remain open. is the fiscal cliff end game finally approaching? joining us now is ben white, politico's chief economic correspondent. ben, maybe it's good news they didn't come out and say, we're so far apart. >> it's a good sign. any time that boehner doesn't come out and say, we're nowhere,...
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this is not really boehner negotiating with obama or the democrats. and i think that's the way it's going to continue to be. so i really distrust anything that any of these guys are saying at a podium because i think there is a much deeper-level conversation going on. and again, if this is just based on what i read and hear, i don't have any other information, but, you know, i don't get the sense that things are quite so dire or quite so close at any given time. i think it's just really the media trying to pick up on clues and hints. and that's really hard to do. >> maybe the market itself is trying to pick up on clues and hints as well. we're in negative territory across the board. it's not like we've gone off another cliff, if you will, in the stock market, but we're certainly not where many thought we would be or even should be after what the fed chairman had to say yesterday in the more accommodative policy that's continuing to come from the central bank. >> there's two conversations. number one first is the fiscal cliff. and i think the market it
this is not really boehner negotiating with obama or the democrats. and i think that's the way it's going to continue to be. so i really distrust anything that any of these guys are saying at a podium because i think there is a much deeper-level conversation going on. and again, if this is just based on what i read and hear, i don't have any other information, but, you know, i don't get the sense that things are quite so dire or quite so close at any given time. i think it's just really the...
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president obama, speaker boehner met face-to-face over the weekend to talk some fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good morning, carl. you know the president's been very clear since the election that republicans need to give on taxes for people at the top and not just on revenues, but also on tax rates because he says the math can't work otherwise. we've seen some signs of cracking in the republican unity. that suggests we may be getting to the next phase of negotiations. the latest sign was possible corker, the senator from tennessee, who was on our air just a few minutes ago, as you know, saying republicans should concede ground on top tax rates and then get on to other issues. >> the best place for republicans to be, to me, is to pass the rate of rate increases, be done with it, the numbers aprobably much smaller than is going to ultimately be negotiated, and then we still are focused on the right thing, which is entitlement changes. >> and that may be what john boehner and president obama are discussing yeste
president obama, speaker boehner met face-to-face over the weekend to talk some fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good morning, carl. you know the president's been very clear since the election that republicans need to give on taxes for people at the top and not just on revenues, but also on tax rates because he says the math can't work otherwise. we've seen some signs of cracking in the republican unity. that suggests we...
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. >> people were supposed to hate them ahead of obama care. stocks doing well. what's coming up? >> i want to do disruptive companies and i watch "squawk." this company is one that has a stove you can put in a couple sticks of wood and starts and generates electricity. you can then charge your ipad, your iphone, you no longer have to be hostage to the grid and they did it -- it caught my eye during hurricane sandy. brooklyn company. the fire department use them. everyone is using them. >> you are doing more private companies with disruptive technology. >> i think that the exciting part of america is we have the world's greatest technology. i want to point it out. many companies are private. >> santelli has -- >> you have to be kidding. rick santelli here. welcome. my goodness. 74 74.5. i had to double-check that one many times. we're coming off numbers at 82.7 for number. 82.6 for october. those are close. the best numbers since the fall of '07. this 74.5 is a really big drop that takes you to the weakest numbers since august when we had a series of weaker numbers. now, whether s
. >> people were supposed to hate them ahead of obama care. stocks doing well. what's coming up? >> i want to do disruptive companies and i watch "squawk." this company is one that has a stove you can put in a couple sticks of wood and starts and generates electricity. you can then charge your ipad, your iphone, you no longer have to be hostage to the grid and they did it -- it caught my eye during hurricane sandy. brooklyn company. the fire department use them. everyone...
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of obama to actually raise the taxes on top earners. >> i think a mandate do both. the fed -- a lot of people blame the fed for everything, seems a little ludicrous, what the fed is saying, listen, guys, compromise and if you don't, you got to expect stocks to go down. consumer confidence coming down, small business coming down, compromise or else here is the future. the future is lower stock market. >> right. >> so i think that there is a -- there is a very funny thing going on. we have rich people coming down to washington saying, listen, we will take our taxes but got to give a compromise. there's this curious where's tim geithner with specific doubts really get this thing going? what do they come up with? what did eamon javers come up with the other day? raise taxes a little less than you thought. he comes out and says, listen, medicare, make it this new able. we'd deal. but it's the president that is -- >> a deal if it gets done, how you get there is a question mark. does he finally need to know they are going to proceed to the increase in tax rates that he wan
of obama to actually raise the taxes on top earners. >> i think a mandate do both. the fed -- a lot of people blame the fed for everything, seems a little ludicrous, what the fed is saying, listen, guys, compromise and if you don't, you got to expect stocks to go down. consumer confidence coming down, small business coming down, compromise or else here is the future. the future is lower stock market. >> right. >> so i think that there is a -- there is a very funny thing going...
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we want to have obama care. we want to have universal coverage. tell me how we can do this in context of not making your businesses a nightmare. i wish that was the approach of the president. i remember when i went down two towns with bernanke. one was in south carolina and the other was dilapidated. i asked the mayors, they said we went to business and said, what do you need to make this right? and i wish the obama administration would -- >> indiana and illinois. >> the key thing for business competitivene competitiveness with regard to health care, it's the slowest on record. now, you could -- >> it's the recession. >> it could be. >> the slow growth -- >> that wouldn't explain all of it. it does feel like -- of course we need more data points. >> it sharply outpaces inflation. >> not in the last two years. >> it's come down. >> not if you are somebody who is at a small company who is -- >> business is -- the most important there is the growth in the cost of health care. if this is helping to bend the cost curve -- >> if you talk to small busine
we want to have obama care. we want to have universal coverage. tell me how we can do this in context of not making your businesses a nightmare. i wish that was the approach of the president. i remember when i went down two towns with bernanke. one was in south carolina and the other was dilapidated. i asked the mayors, they said we went to business and said, what do you need to make this right? and i wish the obama administration would -- >> indiana and illinois. >> the key thing...
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president obama addresses the business roundtable and that could be critical. david has an exclusive interview with ken moelis. back to you guys. >> let's get six in 60. six stocks in 60 seconds. >> yesterday's news overshadowed by many things. a fantastic quarter. we knew it would be household formation buying on weakness. >> 17 straight. number of quarters where they beat it. this was a major miss. >> rbc does not like clf. this is again china. i don't like it either but china is coming back. >> naz 100 taking on facebook. >> money is an index to the naz 100. people paid for this in premarket. it was a mistake. >> citi thinks limited can do a special div. >> limited has a lot of cash. gap said no yesterday. hurt the stock. >> goldman starts utx neutral. great company. a slap in the face, carl. boom. slap in the face. >> you got that right. what's on "mad" tonight? >> i have been featuring these investment -- look, the etf. i've been feeling they know america. i have to know how bad america is. they do the southeast. great company. >> we've not talked a lot ab
president obama addresses the business roundtable and that could be critical. david has an exclusive interview with ken moelis. back to you guys. >> let's get six in 60. six stocks in 60 seconds. >> yesterday's news overshadowed by many things. a fantastic quarter. we knew it would be household formation buying on weakness. >> 17 straight. number of quarters where they beat it. this was a major miss. >> rbc does not like clf. this is again china. i don't like it either...
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if you were advising president obama, what would you do right now? what would you advise? >> well, he didn't call me, but if he had -- >> really? >> surprise. >> i would tell -- to be honest, i would tell him to take a few lessons from his defeated challenger. what i would do is i would focus primarily on four things. i would say, one, we need to get a better tax code, a much more pro-growth, pro-markets, pro-jobs tax code. we need to encourage economic trade with other countries. i mean really significant economic trade. one of the things i will give president obama credit for is he was able to get through the three free trade agreements that were negotiated by president bush at the end of his term and did not go through congress until president obama did that later on in his term. that's commendable. i'd like to see a lot more of that. the third would be a much more cautious dwrie regulation, the kind of regulation that actually works. more of a cost benefit analysis approach. the fourth is spending control. we jumped from 21% of gdp to 25% of gdp in spending in one year
if you were advising president obama, what would you do right now? what would you advise? >> well, he didn't call me, but if he had -- >> really? >> surprise. >> i would tell -- to be honest, i would tell him to take a few lessons from his defeated challenger. what i would do is i would focus primarily on four things. i would say, one, we need to get a better tax code, a much more pro-growth, pro-markets, pro-jobs tax code. we need to encourage economic trade with other...
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obama personally moved it out two years. because he didn't want to raise taxes and damage the economy. because he said the economy was weak. the economy is not strong now. so the argument to raise taxes now is not any better than it was two years ago. i think there's a real danger that we're going to end up with some damaging tax increases and nothing to show for it. >> the economy may or may not be stronger but we are also staring down a situation where we have seen a $5 trillion deficit that's built up over the last four years. there are some republicans who think, yes, we are going to have to do something, spending cuts is the biggest part of that, but they also think that you're going to have to raise revenue. again, do you think it's a bad thing if they vote with their conscience, even if it's something that goes against your pledge? >> it's not my pledge. it's the pledge that congressmen and senators take to their voters when they got elected. >> sometimes that's changed though. >> okay but raising taxes is always bad
obama personally moved it out two years. because he didn't want to raise taxes and damage the economy. because he said the economy was weak. the economy is not strong now. so the argument to raise taxes now is not any better than it was two years ago. i think there's a real danger that we're going to end up with some damaging tax increases and nothing to show for it. >> the economy may or may not be stronger but we are also staring down a situation where we have seen a $5 trillion deficit...
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obama wants even more spending increases. and a lot of republicans, conservatives, are saying you know what? we don't want a tax hike at all. we give boehner credit but we don't want a tax hike. this is not the time. it's a very anemic economy. let's just let the democrats have their tax hike and we'll be done with it. other than that, jimmy, i don't think this thing gets done. that's what i'm coming around to. >> well, i think that there's a chance to that. a chance for that to happen in the scenario that you just described. but i don't think that is what happens. frankly, i think with the vice president saying today that the issue of whether the top rate is 39.6 or 37 it's really doesn't matter. that was a huge olive branch as our colleague just said. this is a signal, a smoke signal like a vatican smoke signal sent from the administration to speaker boehner today. >> but that's been out there before. >> i understand that. >> there's only a handful of republicans, what are you going to get, a percentage point? mark seimone,
obama wants even more spending increases. and a lot of republicans, conservatives, are saying you know what? we don't want a tax hike at all. we give boehner credit but we don't want a tax hike. this is not the time. it's a very anemic economy. let's just let the democrats have their tax hike and we'll be done with it. other than that, jimmy, i don't think this thing gets done. that's what i'm coming around to. >> well, i think that there's a chance to that. a chance for that to happen in...
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add obama care. then add 13.8 in california. and you're a small business, running as an "s" corporation, should you really pay higher than 50% of income into government? that's before any sales tax. that's before paying the cable tax to watch this show. that's before paying the water tax when you take a shower. think about that. and people want to just give more? and hope spending cuts will come at some later today? >> congressman, we hear you. we appreciate it. and thanks for appearing this morning. >> thanks for having mean >> okay. >> when we come back, the headline number on friday's jobs report shows better than expected payroll gains. but there were sceigns of weakns in the participation rate and downward provisions to earlier reports. steve liesman joins us next with more on how economists are reacting to those numbers. >>> tomorrow, "squawk box" is kicking off a special day of fiscal cliff coverage. rise above: mission critical. becky quick and jim cramer, live in washington. 33 special guests, grover norquist, congressm
add obama care. then add 13.8 in california. and you're a small business, running as an "s" corporation, should you really pay higher than 50% of income into government? that's before any sales tax. that's before paying the cable tax to watch this show. that's before paying the water tax when you take a shower. think about that. and people want to just give more? and hope spending cuts will come at some later today? >> congressman, we hear you. we appreciate it. and thanks for...
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this is steeper than even president obama's proposal. obama, of course, wants the 45% rate but only applied to estates valued at 3.5 million or more. any cliff deal will have to include the estate tax, and that fight is just beginning. maria? >> amazing, another big fight over the estate tax. >> starting right now so a lot to look forward to. >> robert frank with the latest there. breaking news on mollycorp. over to you, brian. >> i followed this rare earth company for a couple of years and mark smith, the ceo and face of the company, no longer the ceo. i can tell you sources tell me, kind of a board decision as they say they are growing to an operational company. the company's also been investigated by the s.e.c. i'm ted the s.e.c. investigation does not have anything to do with this muff but a hi high-flyers. getting red pretty hard right now. still above $10. looked at his insider buying and selling. sold a lot last year and was in the process of buying some some of the shares this year. mark smith no longer the ceo and face of mcp. b
this is steeper than even president obama's proposal. obama, of course, wants the 45% rate but only applied to estates valued at 3.5 million or more. any cliff deal will have to include the estate tax, and that fight is just beginning. maria? >> amazing, another big fight over the estate tax. >> starting right now so a lot to look forward to. >> robert frank with the latest there. breaking news on mollycorp. over to you, brian. >> i followed this rare earth company for a...
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president obama twice before has made declarative statements about what he's not willing to do. and frankly, all we've heard from the white house is what they're not willing to do. so the president has signed the it tension of these rates in the past. i think the underreported story in all of this drama are senate democrats that are wringing their hands and avoiding eye contact. >> mcconnell would have produce the brought it up not just as an amendment. >> we're too busy today, forget it. >> they can't pass it in their own house. >> so here is the question. the operative question is does this administration really want to take to us $22 trillion? is that really where they want to go? because that's the pathway. and if they do, aren't we better to deal with this right now? this doesn't get any better the longer we wait. when you have the speaker saying we're willing to move, our movement is to put revenue on the table -- >> are you saying a bucket of crazy is better than the long term implications? >> that's what the country is dealing with. neither are things you want to embrace
president obama twice before has made declarative statements about what he's not willing to do. and frankly, all we've heard from the white house is what they're not willing to do. so the president has signed the it tension of these rates in the past. i think the underreported story in all of this drama are senate democrats that are wringing their hands and avoiding eye contact. >> mcconnell would have produce the brought it up not just as an amendment. >> we're too busy today,...
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but when you look at the potential solutions, does obama have a mandate? we asked that question. you see very big numbers, 68% says he has a mandate to cut taxes for people who earn less than 250k. 65% say he has a mandate to raise taxes on the wealthy while cutting spending. both elements are important. and when you ask about eliminating the bush tax cuts for people who make more than 250,000, 59% say he has a mandate to do that. so the president clearly has the whip hand in the negotiations, but, of course, members of congress don't respond to national polls. they're fought elected nationally like the president. they're responding to their districtes and that's why we have a different number to solve. >> i saw a number on nightly last night that was sadly low. we try to make something out of it. who would you blame if we go over? and it was 19 to 24. that was weird, wasn't it? that's where -- >> well, i think in some respects -- >> 19 we plame i think the president and 24% would blame -- that's not very -- that's like 24%? that's all you can get for that? you can't even make a
but when you look at the potential solutions, does obama have a mandate? we asked that question. you see very big numbers, 68% says he has a mandate to cut taxes for people who earn less than 250k. 65% say he has a mandate to raise taxes on the wealthy while cutting spending. both elements are important. and when you ask about eliminating the bush tax cuts for people who make more than 250,000, 59% say he has a mandate to do that. so the president clearly has the whip hand in the negotiations,...
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i think that president obama's right about this. but i think compromise is going to be necessary to achieve some result. >> let me bring in abbe. your father is known as a moderate republican and a good dealmaker, a man who used to negotiate. what do you make of this? and what does he make of this? >> i think morale is so low right now. the country's so divided. especially for my generation. we're the ones that are going to be handed down the $60 trillion defic deficit. they will come to a deal. but right now, it's political theater. and it's probably going to look like the simpson-bowles. that will come full-circle again. >> here's a problem the republicans have got themselves into. is obama has been very clever here, the president. i think what he's done is skillfully said to the public, if he goes over the fiscal cliff, the republicans are prepared to make the entire middle class to pay more tax to save 2% of the wealthiest americans paying a little bit more. and that's a very bad position for the republicans to find themselves i
i think that president obama's right about this. but i think compromise is going to be necessary to achieve some result. >> let me bring in abbe. your father is known as a moderate republican and a good dealmaker, a man who used to negotiate. what do you make of this? and what does he make of this? >> i think morale is so low right now. the country's so divided. especially for my generation. we're the ones that are going to be handed down the $60 trillion defic deficit. they will...
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. >> on obama, he fought a campaign that was pretty skillful on the ground where it mattered in the swing states. probably why he won. by any kind of criminal just you say he didn't live up to the promise he gave four years ago. what do you want him to do to show some fulfillment of that promise. what i want him to do and what needs to be done have separate things. i do know that we've had a lot of programs, government funded programs for years now that represent both sides of the aisle. both sides want everything they want. both sides have found way with this congress over the last several years to get much of what they want. we bought it on credit. the time has come. we have to pay the bill. >> argument of the moment, you can see the republicans being pushed into this impossible situation for them to win where two-thirds of americans in all the polls are quite happy for the rich 2% to be taxed more. the republicans have boxed themselves into position come january 1st they might be allowing all the middle class to be taxable to try to save the skins of very wealthy americans. that's not
. >> on obama, he fought a campaign that was pretty skillful on the ground where it mattered in the swing states. probably why he won. by any kind of criminal just you say he didn't live up to the promise he gave four years ago. what do you want him to do to show some fulfillment of that promise. what i want him to do and what needs to be done have separate things. i do know that we've had a lot of programs, government funded programs for years now that represent both sides of the aisle....
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do you think the obama administration should be trying to press israel will abstain? >> i think what the obama administration needs to do is -- you know the mideast is in chaos right now and israel is going to be affected a versely by that. what i think the obama administration needs to do is become more hands on in trying to promote arab israeli peace, peace between the israelis and the palestinians. that involved a whole lot more things than just settlements. and i think it was a mistake for instance for president obama in his first term to come out and make the fight on settlements. every administration in the united states has opposed settlements because they create facts on the ground that promote opportunities for peace. but it was a mistake for him to go out and say no more settleme settlements, no more expansion settlements and the secretary of state said the same thing and the minute they push back they cave. if you're going to take that position, you don't cave. but i think what's needed is a hands on approach to the peace process, arab israeli peace involvi
do you think the obama administration should be trying to press israel will abstain? >> i think what the obama administration needs to do is -- you know the mideast is in chaos right now and israel is going to be affected a versely by that. what i think the obama administration needs to do is become more hands on in trying to promote arab israeli peace, peace between the israelis and the palestinians. that involved a whole lot more things than just settlements. and i think it was a...
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i mean, obama was ripe for the taking. i don't know if i agree that that was deservedly so but they really, really could have brought him down and the vice presidential choice was criti l critical. if you had romney who was plenty conservative for most people i know maybe not red states, christian conservatives, he needed a woman on the ticket. >> i was amazed he didn't go for another demographic. if he got marco rubio or rice assuming they would do it but -- >> if he went for meg whitman of california running for the senate and the chair -- the ceo of hewlett-packard. a serious woman as opposed to palin and the race in 2008. if he took a serious woman, he might have hosted a chance, i think. >> on obama, i mean, he ended up fighting a campaign that was pretty skillful on the ground where it mattered in the swing states. probably why he won. but you would say he didn't live up to the prams that he gave us four years ago. what does he have to do now? he can't face another election. what do you want him to do to show fulfill
i mean, obama was ripe for the taking. i don't know if i agree that that was deservedly so but they really, really could have brought him down and the vice presidential choice was criti l critical. if you had romney who was plenty conservative for most people i know maybe not red states, christian conservatives, he needed a woman on the ticket. >> i was amazed he didn't go for another demographic. if he got marco rubio or rice assuming they would do it but -- >> if he went for meg...
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do you think the obama administration should be doing more to try to press israel? >> well, i think what the obama administration needs do if they -- you know, the middle east is in chaos right now, and israel's going to be affected by that. and it's going to be affected in my view adversely by that. so i think what the administration needs to do is before more hands on and try to promote arab/israeli peace. that involves a whole lot more things than just settlements, and i think it was a mistake, for instance, for president obama in the first term to make -- fight on settlements. evan everybody in the united states don't want settlements but it was a mistake for him to go out and say no morriset morrisetteleme morrisettelement. as soon as it was push back, they caved. if you're going to take that position, you don't case. i think what's needed is a hands-on approach involved everything. not just settlements, but everything el. get the parties back to the table-talking east. it's an axiom. if there not peace talks going on. >> finally in iran do, you think obama's a
do you think the obama administration should be doing more to try to press israel? >> well, i think what the obama administration needs do if they -- you know, the middle east is in chaos right now, and israel's going to be affected by that. and it's going to be affected in my view adversely by that. so i think what the administration needs to do is before more hands on and try to promote arab/israeli peace. that involves a whole lot more things than just settlements, and i think it was a...
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56% thought obama and democrats would. only 43% thought the republicans would. will the president not act in good faith? 38% thought president wouldn't act in good faith. 51% thought republicans wouldn't act in good faith. but if there's no deal and the country goes over that fiscal cliff, taxes go up for everyone, mandatory spending cuts go into effect, a lot of folks are going to say where was the president? he was just re-elected. why couldn't he put together a package, a deal to avoid this disaster? >> i think this is a question of political leadership. and as that poll showed, there's no doubt that the president has the political advantage going into this. but at some point, and i think we're kind of getting close to it, the president has to be able to pivot and to say how do i turn this political advantage into a real policy accomplishment? and, wolf, i don't think you're going to do that with continued campaign style events like we just saw meeting with middle class families. okay. we get that. that occurred during the campaign. the white house has clearl
56% thought obama and democrats would. only 43% thought the republicans would. will the president not act in good faith? 38% thought president wouldn't act in good faith. 51% thought republicans wouldn't act in good faith. but if there's no deal and the country goes over that fiscal cliff, taxes go up for everyone, mandatory spending cuts go into effect, a lot of folks are going to say where was the president? he was just re-elected. why couldn't he put together a package, a deal to avoid this...
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>> that's right and i also feel that president obama was re-elected for a reason. an most of the people in this country go along with his idea that the wealthy need to pay their fair share. i think that it would be totally irresponsible on his part and the republicans if they don't come to a decision on this before the first of the year, and get something ironed out -- >> so, richard, what do you think? should we go off the cliff? should we just see where the chips fall? >> no, i do not agree with going off the cliff. we should come to something, some type of an agreement here. but the wealthy should pay their fair share. i do believe in that. >> mayor hall, your town relies on federal funds to keep your water drinkable at the local treatment plant. so how would going off the cliff affect your city budget? >> well, you know, any time that you're dealing with funds that the tax payers money is involve in, you've got to look at the checks and balances and if they cut spending, there is a possibility that that will be cut and our resources will go down the drain liter
>> that's right and i also feel that president obama was re-elected for a reason. an most of the people in this country go along with his idea that the wealthy need to pay their fair share. i think that it would be totally irresponsible on his part and the republicans if they don't come to a decision on this before the first of the year, and get something ironed out -- >> so, richard, what do you think? should we go off the cliff? should we just see where the chips fall? >>...
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. >>> president obama and his family celebrated the annual christmas tree lighting near the white house tonight. the president said the first lady told him to make his remarks brief because she wanted to hear music. ♪ you better watch out ♪ you better not shout i'm telling you why ♪ ♪ santa claus is coming to town ♪ ♪ he's making a list and he's checking it twice ♪ ♪ he's going to find out who is naughty or nice ♪ >> they were celebrates in d.c. just hours from now the november jobs report comes out and it's expected to be messy between holiday hiring and the aftermalgt of sandy, some analysts say no matter what it shows no one should read much into it. with the holidays upon us how are businesses finding ways to keep jobs and their doors are open while others fail. tom forman went looking for answers in new york. >> amid the bustle of broadway, against the bad economy and the crushing competition at the strand the show goes on. it started more than 80 years ago. this independent bookstore has beaten the odds surviving the great depression, world war ii and fred bass,
. >>> president obama and his family celebrated the annual christmas tree lighting near the white house tonight. the president said the first lady told him to make his remarks brief because she wanted to hear music. ♪ you better watch out ♪ you better not shout i'm telling you why ♪ ♪ santa claus is coming to town ♪ ♪ he's making a list and he's checking it twice ♪ ♪ he's going to find out who is naughty or nice ♪ >> they were celebrates in d.c. just hours from...
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. >> that is president obama and the democrats to save you for being higher taxes. >> this fiscal cliff thing, the problem with the republicans larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president obama is going to win the debate that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> with which i agree but i think the risk here for the gop is that they become the party of rich people. and i think you saw that in the election. i don't think that is their intent. i think their intent is quite sound. >> they are becoming the party of rich white older men. you can't think of any other section of the community right now thinking the republican party is for me. >> i think that is why the politics of this make it possible to go over the cliff. i think the democrats see if we go over the cliff the republicans get blamed. meanwhile. i think the republicans worry about bei ining blamed by a pri contender w
. >> that is president obama and the democrats to save you for being higher taxes. >> this fiscal cliff thing, the problem with the republicans larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president obama is going to win the debate that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >>...
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revenue has gone up every year of the obama administration and now, we're at historic highs. the same as we were five years ago. the difference is, our spending has increased a trillion dollars. >> yeah, but a lot of that spending is things to help the economy. it's the payroll tax cut extension, which your party supported. it's extending unemployment benefits. it's things like that. t the war. >> that's going to be the challenge of the whole perspective. we've got two philosophies. one says we're spending too much. the other saying we're not spending enough. that's hurting our economy. obviously, the last four years have been more focused on the spending. we continue to pile up more and more debt, we've crossed 100% of debt to gdp. >> but you're line of thinking, i feel like we end up in a situation where all you doe is keep cutting taxes. you start to have a revenue problem. you give a payroll tax, you don't want to tack it away. you keep giving out things and never take them back. >> well, that's the same thing we do on the spending side. >> all those agencies -- is now st
revenue has gone up every year of the obama administration and now, we're at historic highs. the same as we were five years ago. the difference is, our spending has increased a trillion dollars. >> yeah, but a lot of that spending is things to help the economy. it's the payroll tax cut extension, which your party supported. it's extending unemployment benefits. it's things like that. t the war. >> that's going to be the challenge of the whole perspective. we've got two philosophies....
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barack obama won, so they liked hillary clinton. if hillary clinton had won in 2008, you would hear lots of republicans saying none of this would have happened if barack obama had won instead. if hillary clinton is the nominee in 2016, this will be an election decided by three or four percentage points. >> right. it always tightens. something happened last night. i'm curious about the other side since you're talking about 2008. marco rubio and paul ryan spoke at this dinner. these are speeches where they're trying to define who they are. how would a rubio ryan stack up against clinton? it sort of feels like 2008 reversed except experience would come on the democratic side with hillary and youth might come from arurubio or ryan on the republican side. >> clinton is a favorite among young people, especially young women. they're going to help determine future elections. i think paul ryan and marco rubio, they're trying to rebrand themselves and recast the republican party as a party of diversity and perhaps big ideas and a larger goal
barack obama won, so they liked hillary clinton. if hillary clinton had won in 2008, you would hear lots of republicans saying none of this would have happened if barack obama had won instead. if hillary clinton is the nominee in 2016, this will be an election decided by three or four percentage points. >> right. it always tightens. something happened last night. i'm curious about the other side since you're talking about 2008. marco rubio and paul ryan spoke at this dinner. these are...
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president obama isn't negotiating like we just heard. he's negotiating to raise the tax rates on the rich as a downpayment on a larger deal to come later as far as taxes are concerned and medicare is concerned. >> let's allow higher rates to go up for the top two percent, that includes all of you, yes. but not in anyway that's going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next year. 97% of small businesses don't see an increase in taxes next year. and by doing that alone, we raise almost a trillion dollars. >> let's bring in our chief political analyst right now, the president also had a specific warning for members of congress, the republicans on the issue of raising the debt ceiling. listen to this. >> if congress in anyway suggests they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once again as part of a budget negotiation, which by the way we have never done in our history u
president obama isn't negotiating like we just heard. he's negotiating to raise the tax rates on the rich as a downpayment on a larger deal to come later as far as taxes are concerned and medicare is concerned. >> let's allow higher rates to go up for the top two percent, that includes all of you, yes. but not in anyway that's going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases...
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if you close your eyes, it sounds exactly like obama. you can always continue the conversation with
if you close your eyes, it sounds exactly like obama. you can always continue the conversation with
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barack obama won, so they liked hillary clinton. if hillary clinton had won in 2008, you would hear lots of republicans saying, none of this would be happening if that idealistic barack obama had won instead. if hillary clinton is the nominee in 2016, this will be an election decided by three or four percentage points. it will not be a 57/30 election. >> it always tightens. i'm curious about the other side since you're talking about 2008. marco rubio and paul ryan both spoke at this dinner and they were -- these were speeches where they're trying to define themselves as who they are. both probably going to run in 2016. how would a rubio/ryan stack up against a hillary clinton? in a sense it sort of feels like 2008 reversed, right, except for experience would come on the democratic side with hillary and the youth and this sort of idealism might perhaps come from a rubio or ryan on the republican side? >> well, if i look at that poll you were referring to, hillary clinton is the overwhelming favorite among young people, especially you
barack obama won, so they liked hillary clinton. if hillary clinton had won in 2008, you would hear lots of republicans saying, none of this would be happening if that idealistic barack obama had won instead. if hillary clinton is the nominee in 2016, this will be an election decided by three or four percentage points. it will not be a 57/30 election. >> it always tightens. i'm curious about the other side since you're talking about 2008. marco rubio and paul ryan both spoke at this...
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revenue has gone up every single year in the obama administration, and now we're at historic highs. the difference is our spending increased a trillion dollars from five years ago, but the revenue is the same. >> a lot of that spending is things to help the economy, right? it's the payroll tax cut extension, which your party supported, right? it's extending unemployment benefits and things like that. it's the war. >> right. that's going to be the challenge of the whole perspective right now. we have two philosophies. one is saying we're spending too much and the other is saying we don't spend enough. obviously the last four years are spending more to stimulate. i'm not sure if that will work long-term. we've crossed 100% of debt to gdp. i don't think that gets better as you get higher. >> the only thing that confuses me about it, i feel like in a situation where all you do is keep cutting taxes and have a revenue problem, right? you give a tax cut to the middle class you don't want it to take it away from them. you keep giving out things p and you never take them back. >> well, that
revenue has gone up every single year in the obama administration, and now we're at historic highs. the difference is our spending increased a trillion dollars from five years ago, but the revenue is the same. >> a lot of that spending is things to help the economy, right? it's the payroll tax cut extension, which your party supported, right? it's extending unemployment benefits and things like that. it's the war. >> right. that's going to be the challenge of the whole perspective...
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obama's hands. mr. obama isn't going to blink on the budget if he thinks republicans are going to blink first. so far, the emerging gop position seems to be to surrender on taxes first and hope that mr. obama will have mercy on them later on entitlements. but what is the evidence in the last four years or even since the election that mr. obama won't pocket that victory and then refuse to offer any but token changes on entitlements." >> that's a reversal of what they wrote a few weeks ago where republicans will take the victory in keeping them from going up. >> but if you take this deal now -- that's been the hesitation. the problem is you have no leverage. if you take the deal now, you really lose everything in being able to negotiate about spending cuts, right? >> well, i think that a deal is to be made that would benefit the people if it were done earlier. and the incentive is knowing that the scenario that the "the wall street journal" put forth could take place. we need a discussion right now, and w
obama's hands. mr. obama isn't going to blink on the budget if he thinks republicans are going to blink first. so far, the emerging gop position seems to be to surrender on taxes first and hope that mr. obama will have mercy on them later on entitlements. but what is the evidence in the last four years or even since the election that mr. obama won't pocket that victory and then refuse to offer any but token changes on entitlements." >> that's a reversal of what they wrote a few weeks...
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the obamas pushed the button to light up the big blue spruce. some 17,000 people were on hand last night for the 90th annual tree lighting ceremony. >>> police in springfield, massachusetts are on the lookout for a jogger who runs in the buff. they say people on their way to work wednesday morning reported a man, probably in his 50s, running without any clothes on. no shoes either. police say they're concerned about why he's doing it and that he's reportedly done it before. >>> a packed hour ahead on "early start," including breaking news out of japan. a tsunami warning in the same area where the big one hit as another earthquake strikes off the coast shaking buildings for minutes. >>> it can be one of the most exciting plays in football and one of the most dangerous. could kickoffs become a thing of the past to save players a future of pain? we'll talk about that with former linebacker chris draft. >>> and two weeks before christmas, is this portrait of christ weeping? first reporting for duty, south carolina right on cue, the twitter campaign
the obamas pushed the button to light up the big blue spruce. some 17,000 people were on hand last night for the 90th annual tree lighting ceremony. >>> police in springfield, massachusetts are on the lookout for a jogger who runs in the buff. they say people on their way to work wednesday morning reported a man, probably in his 50s, running without any clothes on. no shoes either. police say they're concerned about why he's doing it and that he's reportedly done it before....
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president of the united states, barack obama. >>> the poem is called "other." it's written by a beautiful young woman. her name is neo. sadly, that word other is how people are forced to describe ethnicity because they don't fit if a certain box. she says she was too light skinned for the black kids she grew up around. teasing and taunts of childhood still haunt her today. soledad o'brien tells her story. >> it's a poem about her life. but neo jones is struggling to recite it it aalways called me white girl. i was never ashamed of myself until they taught me to be ashamed. >> reporter: she calls it "other" or the biracial poem. it's about being bullied by black kids. >> i remember the taunts well in to the nights. the brands of vanilla took years to fade. >> reporter: now the tough part. she has to perform it at the first spoken word poetry competition of the season. it's painful. >> i pretended. no black mother to explain how this tall white man ended up with a short chestnut skinned girl. they doubted he was ever my father. >> reporter: seven hours until show
president of the united states, barack obama. >>> the poem is called "other." it's written by a beautiful young woman. her name is neo. sadly, that word other is how people are forced to describe ethnicity because they don't fit if a certain box. she says she was too light skinned for the black kids she grew up around. teasing and taunts of childhood still haunt her today. soledad o'brien tells her story. >> it's a poem about her life. but neo jones is struggling to...
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president obama made a very pointed warning publicly to the syrian leadership. secretary clinton has done that twice on her current trip. secretary clinton will be meeting with the russian foreign minister and the u.n. mediator in syria today in brevlin. >> let's talk about those meetings. >> you can be sure that this issue of chemical weapons will be at the top of the list. >> no question about that. what are the options there? what can the international community do at this point if, in fact, they are already in a position where they're loading these components on to the weapons? >> well, one is this public message from the united states, from the nato secretary general and from the russians. the syrian government, including assad personally, will be held accountable. second is perhaps to see if the russians can use their influence. they're the big egest arms supplier to syria, the biggest ally that syria has, to dissuade the syrians from letting this chemical weapons loose or using them against the rebel alliance. if assad should fall and there's a chaotic pe
president obama made a very pointed warning publicly to the syrian leadership. secretary clinton has done that twice on her current trip. secretary clinton will be meeting with the russian foreign minister and the u.n. mediator in syria today in brevlin. >> let's talk about those meetings. >> you can be sure that this issue of chemical weapons will be at the top of the list. >> no question about that. what are the options there? what can the international community do at this...